Az 1945 előtt épült budapesti telepek lakáspiaci helyzete
Market position of pre-1945 (old) housing estates in Budapest

Summary/Abstract: The study focuses on the old housing es-tates built before World War 2 in Buda-pest. They are not as homogeneous by far as the large housing estates of the-post-1945 ones; being diverse from in-vestors and architectural design point of view. The authors are examining the old housing estates’ position in the housing market. The questions whether the ini-tial differences between the old housing estates still exist and how the physical characteristics of the buildings (size and type) effect the housing prices are ad-dressed. The city itself changed signifi-cantly since the construction of the old housing estates. Several of the once pe-ripheral estates have become a part of newly developed residential areas, their transport connections and infrastructure have improved. The article explores the effect of the location on the market posi-tion. To answer these questions, the au-thors developed a database of old hous-ing estates and used the housing prices calculated by the Central Statistical Of-fice.Empirical evidence suggests that the ma-jority of dwellings of old housing estates are in the lowest price segment of the housing market; only a very small part of them can be sold at a price above the Budapest average. The location is one of the most important factors in determin-ing the prices. Old housing estates in dif-ferent residential zones are typically cheaper than the ones in the neighbour-ing housing areas. Those located around ex-industrial areas have the lowest mar-ket value.

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